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Unformatted text preview: He uses the P/S strategy rather than the P/E measure because earnings figure is more easily manipulated than the sales one. The second is that other companies on the rebound may have earnings that are temporarily depressed, distorting the P/E multiple. 3. At what maximum P/S level will he purchase a stock? 1.5...
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This note was uploaded on 02/27/2008 for the course FNCE 4030 taught by Professor Madigan,ge during the Fall '07 term at Colorado.
- Fall '07